Where Every Big Bank Stands On Wednesday's Interest Rate Announcement

The article discusses the upcoming interest rate announcement from the Bank of Canada, considering the current economic conditions such as job losses and high unemployment rate. Economists from major banks like TD, RBC, CIBC, BMO, and Scotiabank weigh in on the likelihood of a rate cut, with many expecting a 25 basis points reduction. Economic data and Consumer Price Index readings will play a crucial role in the decision. Forecasts vary, but there is consensus on the possibility of further cuts this year due to economic uncertainties.